It’s quite an impressive title, copied from this public forum https://www.forexpeacearmy.com/community/threads/fintelegram-is-a-huge-very-clever-scam.65634/ and the first post about Fintelegram start in 2019 with this message:
“The website FinTelegram.news is claiming to be a journalistic fund recovery service but it could not be further from the truth. They have even duped many FPA members and are running another dangerous recovery room scam.
I paid them several hundred Euros for their “European Fund Recovery Institute” service: www.efri.io
They claim to be a real news source at FinTelegram, and EFRI claims to be a quasi Government/Legal service. Neither is true.
They use SEO to catch suckers like me who have been scammed and then try to take more money for them. All they do, once you’ve paid them, is send a letter to the brokerage/scam site… that’s it. They have recovered NO direct funds for anyone. Just ask them. They have tried to take credit for some law enforcement actions that have NOTHING to do with them.
Moreover, I found very disturbing details about the owners here:
https://finleaks.com/2019/07/30/fintelegram-mean-clean-vendetta-machine/
https://finleaks.com/2019/08/13/efri-things-wrong/
Werner Boehm, Elfriede Sixt, and these “journalists” are 100% fake conmen.
I was dumb to trust them… The FPA services are FREE and in my opinion BETTER than what FinTelegram / European Fund Recovery Institute does for many hundreds of Euros.
They are not attorneys, or law enforcement, or have any ability to help you get funds back that you couldn’t find on this forum for free… Don’t be fooled by these scammers.”
Well, now It’s nice to understand HOW this business works and here you are:
EFRI collect 75€ from each person who opens a complaint. 1000 people yearly it’s a 75.000€ profit, 6.250€ monthly for bullshit “recovering help” for dumb people that trust in them.
But the business is not finished here. This is the starting point. Because all the information are been sent and collected to Fintelegram.
The Fintelegram team, Werner Boehm CEO and his team check all this information online and if there is 20-30% of online proofs that match the complaint, start to write and publish online articles on their websites. And this is stage 2. Bombard the “scammer” with articles. For them, everyone is a scammer! And if you check, 80/90% of the information they post is totally fake and doesn’t match the truth, is just written in a funny way and they almost never check their source of “whistleblower” jajajajajaja.
I did a check, and in general, 20-30% of the information is true and correct. But others are apparently totally wrong. Especially when they call scammers some big and regulated entities.
WHY? The bigger you are, the more value has your online reputation. Also, their price is quite competitive to be “whitelisted”. 6500€ yearly is not so bad, it’s better to pay and shut up!
For them, each crypto exchange, EMI, PSP and Forex Broker is a scam! The more you are big and regulated, the more you are a scam! And the more your online reputation has value. And then, YOU HAVE A REASON TO PAY THEM to REMOVE the accusing articles they write.
